Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
Ceasedesist order vs. Manitoba-based CU in Saskatchewan
REGINA, Saskatchewan (11/23/10)--A credit union based in Manitoba has been issued a "cease and desist" order for soliciting business in Saskatchewan but calls the order a mix-up (cbc.ca Nov. 20). Sunova CU, of Selkirk, Man., was issued the order on Thursday by the Saskatchewan Financial Services Commission, which said the credit union was advertising in Saskatchewan under the name of Hubert Financial or Happysavings.ca. The credit union doesn't have a provincial license to operate in Saskatchewan, the commission said. The credit union's website suggested the order is a mix-up. "While we can accommodate members and deposits from other provinces (and ensure their deposits are 100% guaranteed), the rules around how we can advertise our products and services get a little sticky," said a notice on the website. The credit union said it will refine its advertising to "ensure the working is A-OK with regulators from all provinces."


RSS





print
News Now LiveWire
.@cuna #GAC2015 countdown: @USTreasury 's Gerety, @CFPB 's Martinez join power-packed lineup http://t.co/nHNJ81tGbi
16 minutes ago
A recent report from @TransUnion says consumers born 1981 or later made up 27% of total auto-loan originations in 2014, up 16% from 2009.
20 hours ago
.@CUNA says new House bill is "further evidence" of lawmakers' interest in how @TheNCUA uses its funds from CUs. See News Now Monday.
1 day ago
.@MECreditUnions announces winner of @YoungFreeME #SoundOff contest. @Sassquatch_Band will play Old Port Festival in June @PDD_Downtown
15 hours ago
House Financial Services Com. to hold March 3 hearing to receive the semi-annual report of @CFPB Director Richard Cordray.
16 hours ago